Question 1

Which major external business force is not involved with the day-to-day operations of the firm, but does vote for the directors of the company?

Accepted Answer

A) Customers 
B) Suppliers 
C) Society 
D) Shareholders 
E) Government 
A) Customers 
B) Suppliers 
C) Society 
D) Shareholders 
E) Government D

Question 2

Define vision and mission statement and explain what happens when they are combined.

Accepted Answer

Vision Statement: What the company expects to become as an organization at a particular point in the future.Mission Statement: The company's expectations of what they're going to do to become the organization that it envisions.Vision + Mission = FOCUS.By combining the vision and the mission statement, the people in the organization can focus on a particular direction because they receive a complete picture of what direction they are supposed to go in.By getting everyone on the same page, it is more likely that the organization will achieve the desired end result.

Question 3

__________is the process of accessing large amounts of data in order to analyze those data and gain insight into significant trends or patterns within organizations or industries.

Accepted Answer

A) Formalization 
B) Centralization 
C) Data Analytics 
D) Complexity 
E) Strategy 
A) Formalization 
B) Centralization 
C) Data Analytics 
D) Complexity 
E) Strategy C

Question 4

Acme Global has decided on a statement that identifies what they expect their business to become within 6 years.Acme Global is identifying its:

Accepted Answer

A) Goals 
B) Mission 
C) Vision 
D) Environmental awareness 
E) Occupational direction 
A) Goals 
B) Mission 
C) Vision 
D) Environmental awareness 
E) Occupational direction

Question 5

According to the textbook, there are three general strategy types for businesses.Identify each strategy and explain the distinction of each strategy.

Accepted Answer

The three general strategy types for bus

Question 6

No organization has control over economic growth, inflation, interest rates, or foreign exchange rates.

Accepted Answer

A) True 
 B)False

Question 7

Aileen recommends that the organization invest in creating a strong brand image so consumers will be willing to pay more for its product than they are willing to pay for its competitor's product.Aileen is recommending the ________ strategy.

Accepted Answer

A) branding 
B) cost leadership 
C) differentiation 
D) focus 
E) None of the above 
A) branding 
B) cost leadership 
C) differentiation 
D) focus 
E) None of the above

Question 8

Acme Global Corporation created an application that allows customers to send in orders quickly and easily.Since rolling out the new app, orders have increased by 20 percent.This represents the influence of _______ in the external environment on the organization.

Accepted Answer

A) labor force 
B) shareholders 
C) technology 
D) competition 
E) governments 
A) labor force 
B) shareholders 
C) technology 
D) competition 
E) governments

Question 9

__________ is the degree to which different parts of the organization are segregated from one another.

Accepted Answer

A) Formalization 
B) Data analytics 
C) Centralization 
D) Economic Value Added (EV
A)  
E) Complexity 
A) Formalization 
B) Data analytics 
C) Centralization 
D) Economic Value Added (EV
A)  
E) Complexity

Question 10

Kristin is examining a measure of the financial return the human resources department received for its investment in a new performance appraisal system.The new system cost $3,500 and saved more than $5,000 in payroll expenses.Kristin is examining the ________.

Accepted Answer

A) economic value added 
B) return on investment 
C) gain from investment 
D) balanced scorecard 
E) strategy 
A) economic value added 
B) return on investment 
C) gain from investment 
D) balanced scorecard 
E) strategy

Question 11

Only factors in the external environment determine what actions we must take to make strategic choices for our organization.

Accepted Answer

A) True 
 B)False

Question 12

Complexity refers to the degree of three types of differentiation within the organization.

Accepted Answer

A) True 
 B)False

Question 13

Organizational culture is primarily learned through _____________________.

Accepted Answer

A) observing people and events in the organization 
B) reading the company's website 
C) doing research in business journals 
D) submitting questionnaires 
E) none of the above 
A) observing people and events in the organization 
B) reading the company's website 
C) doing research in business journals 
D) submitting questionnaires 
E) none of the above

Question 14

Sara and Dan are working on a statement for a start-up organic farm.One statement reads: "To become the southeast region's number one choice for supplying organically-grown fruits and vegetables." Sara and Dan are writing:

Accepted Answer

A) mission statement. 
B) a vision statement. 
C) a speech. 
D) a business plan. 
E) a strategy 
A) mission statement. 
B) a vision statement. 
C) a speech. 
D) a business plan. 
E) a strategy

Question 15

Data analytics are database systems that aim at generating and delivering HR information and allow us to automate some human resource management functions.

Accepted Answer

A) True 
 B)False

Question 16

_____________ can be used for HRM in functions such as talent acquisition, training and development, retention, and job analysis.

Accepted Answer

A) Data analytics 
B) Record keeping 
C) System design 
D) Social media 
E) None of the above 
A) Data analytics 
B) Record keeping 
C) System design 
D) Social media 
E) None of the above

Question 17

Two critical components of successful corporate strategy include:

Accepted Answer

A) vision and mission. 
B) profit and loss. 
C) customers and suppliers. 
D) government regulation and tax obligation. 
E) mission and goals 
A) vision and mission. 
B) profit and loss. 
C) customers and suppliers. 
D) government regulation and tax obligation. 
E) mission and goals

Question 18

The convergence of HRM and big data is sometimes referred to as _________.

Accepted Answer

A) system design 
B) record keeping 
C) data analytics 
D) workforce science 
E) strategy 
A) system design 
B) record keeping 
C) data analytics 
D) workforce science 
E) strategy

Question 19

"We will increase revenues by $1 million in the next fiscal year" is what kind of statement?

Accepted Answer

A) Mission 
B) Vision 
C) Clarifiers 
D) Objectives 
E) Strategy 
A) Mission 
B) Vision 
C) Clarifiers 
D) Objectives 
E) Strategy

Question 20

Acme Global is figuring out what they need to do in order to become the company they envisioned.Acme Global is engaged in creating a:

Accepted Answer

A) Culture 
B) Mission 
C) Operation 
D) Structure 
E) Strategy 
A) Culture 
B) Mission 
C) Operation 
D) Structure 
E) Strategy

Which major external business force is not involved with the day-to-day operations of the firm, but does vote for the directors of the company?

Define vision and mission statement and explain what happens when they are combined.

__________is the process of accessing large amounts of data in order to analyze those data and gain insight into significant trends or patterns within organizations or industries.

Acme Global has decided on a statement that identifies what they expect their business to become within 6 years.Acme Global is identifying its:

According to the textbook, there are three general strategy types for businesses.Identify each strategy and explain the distinction of each strategy.

No organization has control over economic growth, inflation, interest rates, or foreign exchange rates.

Aileen recommends that the organization invest in creating a strong brand image so consumers will be willing to pay more for its product than they are willing to pay for its competitor's product.Aileen is recommending the ________ strategy.

Acme Global Corporation created an application that allows customers to send in orders quickly and easily.Since rolling out the new app, orders have increased by 20 percent.This represents the influence of _______ in the external environment on the organization.

__________ is the degree to which different parts of the organization are segregated from one another.

Kristin is examining a measure of the financial return the human resources department received for its investment in a new performance appraisal system.The new system cost $3,500 and saved more than $5,000 in payroll expenses.Kristin is examining the ________.

Only factors in the external environment determine what actions we must take to make strategic choices for our organization.

Complexity refers to the degree of three types of differentiation within the organization.

Organizational culture is primarily learned through _____________________.

Sara and Dan are working on a statement for a start-up organic farm.One statement reads: "To become the southeast region's number one choice for supplying organically-grown fruits and vegetables." Sara and Dan are writing:

Data analytics are database systems that aim at generating and delivering HR information and allow us to automate some human resource management functions.

_____________ can be used for HRM in functions such as talent acquisition, training and development, retention, and job analysis.

Two critical components of successful corporate strategy include:

The convergence of HRM and big data is sometimes referred to as _________.

"We will increase revenues by $1 million in the next fiscal year" is what kind of statement?

Acme Global is figuring out what they need to do in order to become the company they envisioned.Acme Global is engaged in creating a:

The New Human Resource Management Process

The Legal Environment and Diversity Management

Matching Employees and Jobs

Recruiting Job Candidates

Selecting New Employees

Training, Learning, Talent Management, and Development

Performance Management and Appraisal

Employee Rights and Labor Relations

Compensation Management

Employee Incentives and Benefits

Protecting and Expanding Organizational Reach

Organizational Ethics, Sustainability, and Social Responsibility

Global Issues for Human Resource Managers

Filters

Exam 2: Strategy-Driven Human Resource Management

Which major external business force is not involved with the day-to-day operations of the firm, but does vote for the directors of the company?

Define vision and mission statement and explain what happens when they are combined.

__________is the process of accessing large amounts of data in order to analyze those data and gain insight into significant trends or patterns within organizations or industries.

Acme Global has decided on a statement that identifies what they expect their business to become within 6 years.Acme Global is identifying its:

According to the textbook, there are three general strategy types for businesses.Identify each strategy and explain the distinction of each strategy.

No organization has control over economic growth, inflation, interest rates, or foreign exchange rates.

Aileen recommends that the organization invest in creating a strong brand image so consumers will be willing to pay more for its product than they are willing to pay for its competitor's product.Aileen is recommending the ________ strategy.

Acme Global Corporation created an application that allows customers to send in orders quickly and easily.Since rolling out the new app, orders have increased by 20 percent.This represents the influence of _______ in the external environment on the organization.

__________ is the degree to which different parts of the organization are segregated from one another.

Kristin is examining a measure of the financial return the human resources department received for its investment in a new performance appraisal system.The new system cost $3,500 and saved more than $5,000 in payroll expenses.Kristin is examining the ________.

Only factors in the external environment determine what actions we must take to make strategic choices for our organization.

Complexity refers to the degree of three types of differentiation within the organization.

Organizational culture is primarily learned through _____________________.

Sara and Dan are working on a statement for a start-up organic farm.One statement reads: "To become the southeast region's number one choice for supplying organically-grown fruits and vegetables." Sara and Dan are writing:

Data analytics are database systems that aim at generating and delivering HR information and allow us to automate some human resource management functions.

_____________ can be used for HRM in functions such as talent acquisition, training and development, retention, and job analysis.

Two critical components of successful corporate strategy include:

The convergence of HRM and big data is sometimes referred to as _________.

"We will increase revenues by $1 million in the next fiscal year" is what kind of statement?

Acme Global is figuring out what they need to do in order to become the company they envisioned.Acme Global is engaged in creating a:

The New Human Resource Management Process

The Legal Environment and Diversity Management

Matching Employees and Jobs

Recruiting Job Candidates

Selecting New Employees

Training, Learning, Talent Management, and Development

Performance Management and Appraisal

Employee Rights and Labor Relations

Compensation Management

Employee Incentives and Benefits

Protecting and Expanding Organizational Reach

Organizational Ethics, Sustainability, and Social Responsibility

Global Issues for Human Resource Managers

Filters